2920 George Washington Way
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2920 George Washington Way
35,000 SF 100% Leased Office Building Richland, WA 99354 £4,655,578 (£133/SF)
Executive Summary
FULLY LEASED 35,000 SF – Multi-tenant building in North Richland on deeded ground, comprising of extensively remodeled (circa 2020) office and high bay space with two at grade 14 x16 roll up doors. Zoning is Business Research Park (BRP). Modified Gross leases, Tenants pay power. 2023 Actual Cap Rate 8.0%, Pro-Forma Cap Rate 7.1% (includes a vacancy factor and management fee).
Property Facts
Sale Type
Investment
Property Type
Building Size
35,000 SF
Building Class
B
Year Built/Renovated
1976/2021
Price
£4,655,578
Price Per SF
£133
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
17,500 SF
Building FAR
0.43
Land Acres
1.88 AC
Zoning
B-RP - Business Research Park
Parking
145 Spaces (4.14 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £3,005,265 | |
| Land Assessment | £195,120 | Total Assessment | £3,200,385 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£195,120
Improvements Assessment
£3,005,265
Total Assessment
£3,200,385
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Charles Laird -
Tippett Company of Washington, LLC
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2920 George Washington Way
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